NEW YORK (June 28, 2016) — RXR Realty LLC announced today that Ameriprise Financial has extended its lease and increased its space at RXR’s 530 Fifth Avenue.
Ameriprise, a tenant since 2007, will expand to approximately 21,000 square feet of space, an increase of about 50 percent in the 26-floor, 536,000-square-foot office building. The new lease is for 10 years.
A premier, Class A office building, 530 Fifth Avenue features a newly renovated lobby along with new passenger elevators. The building occupies the entire westerly block front of Fifth Avenue between 44th and 45th Streets. It is located just two blocks from Grand Central Terminal and sits prominently in the world-renowned 5th Avenue Shopping District. Current tenants of 530 Fifth Avenue include Diageo, Cablevision and Mass Mutual.
Ameriprise was represented by Josh Kuriloff and Andrew Braver from Cushman & Wakefield. Dan Birney and Alexandra Budd from RXR handled the lease.
About RXR Realty LLC
RXR Realty LLC (“RXR”) is a vertically integrated private real estate company with expertise in investment management, property management, development, design, construction, leasing and financing. RXR’s core growth strategy is focused on New York City and the surrounding tri-state area markets. The Company is one of the largest owners, managers, and developers in the New York Tri-State area. RXR’s operating platform manages 87 commercial real estate properties and investments comprising 23.1 million square feet, with an aggregate gross asset value of $12.7 billion, as of December 31, 2015. In addition, RXR has a residential development pipeline of approximately 3,000 residential units in the New York metropolitan area.
Contact for RXR Realty: DKC Public Relations
Diana Kashan 212 981 5161 firstname.lastname@example.org
The RXR platform manages 71 commercial real estate properties and investments with an aggregate gross asset value of approximately $20.5 billion, comprising approximately 31.4 million square feet of commercial properties, inclusive of approximately 6.0 million square feet of buildings securing debt and preferred equity investments, a multi-family residential portfolio of approximately 2,500 units under operation or development, and control of development rights for an additional approximately 3,700 multi-family and for sale units in the New York Metropolitan area as of June 30, 2019. Gross asset value compiled by RXR Realty in accordance with company fair value measurement policy and is comprised of capital invested by RXR and its partners, as well as leverage.